Premier African Minerals Share Discussion Threads

[tedoby2] 03/12/2018 07:44

Doctor 69 it certainly is.

The next two weeks should see the end of the drilling campaign in RHA's pit and also the end of both parties DD periods to name but two.

But the big one is the one you're alluding to.

Does anyone know if Zulu's been Gazetted?

[doctor 69] 03/12/2018 07:21

Big day today

[valhalla2017] 02/12/2018 21:32

the next two weeks will be pretty telling. GR needs to get a placement off before christmas. realistically we are looking in the .07-.08 range. get ready for a drilling results RNS!:) GR tried two weeks ago to spike the price and he'll try again. And I'm sure Napom will be telling folks that .07 is an excellent buy-in price. last time I remember he was telling folks that .18 was an excellent buy-in price as well. look how that turned out....

[tedoby2] 01/12/2018 19:28

Valhalla2017 Thanks.

That's very interesting.

[valhalla2017] 01/12/2018 18:40

tedoby2 - it's in the proposed listing and funding section.

"settle all outstanding payables and debtors of the Parties, capped at US$1 million per Party."

[tedoby2] 01/12/2018 15:37

Valhalla2017 would you mind cutting and pasting the part of the RHS your'e referring to please.

I just can't see it at the moment.

[valhalla2017] 01/12/2018 12:08

what is this nonsense that prem doesn't have debt. the newco rns clearly states that prem have a million in debt. and if you believe gr, he and management haven't been taking a salary this year. and not in the sense that he's working for free. it's just delayed payment. so that another 300k plus. so just there it's 1.3 mil in debt. I'm sure there's more but GR will just hide that with 'working cap' raises.

[valhalla2017] 30/11/2018 16:38

the thing is that all those discussions were just dinners and lunches with mates. all on the shareholders dime. prem is truly a lifestyle company. GR is not even trying to hide it now.

I also think what he is doing with decimating the SP, lending the company money from his trust, and then converting into shares at a super low price is borderline illegal. it's a serious conflict of interest that is in detriment to shareholders. with time I hope the FCA start preventing companies from being allowed to do this. cause while GR is in a league of his own, there are plenty of mini-GR's just waiting to fleece investors.

[the bull] 30/11/2018 15:24

4.3% up thats a good day for PREM, Val you must be thrilled at this

[moljen] 30/11/2018 14:38

Val - you missed in-between a placing so as various members of the R family can continue to take their pound of flesh and pay the leccy bill

[valhalla2017] 30/11/2018 12:53

GR on monday - prem is happy to announce an extension to the DD while we await conclusion of the RHA discussions.

GR in Dec - prem is happy to announce that KME is no longer interested in NEWCo. RHA conclusion discussions are still ongoing.


HAHAAHAH

[valhalla2017] 30/11/2018 09:46

have to admit this newsemeber was worst than last years. i wonder what GR will have in stock for 2019's newsember. at this rate, it will be him announcing a buy-out of prem by his trust for .03 as a last result to save the company. then he'll just sit on it until Circum IPO's and he makes a mint. sounds about right.

[moljen] 30/11/2018 09:03

Some of us have ben hopeful for next week now for 200 plus weeks, don't get your hopes up too much and that way you'll save yourself a load of stress and disappointment

[doctor 69] 30/11/2018 08:28

I am hopeful for next week , but let's see

[1hopper] 29/11/2018 11:31

Is this the longest 48 hours extension ever?

[doctor 69] 29/11/2018 11:20

JungNow at 64 m

[vitec] 29/11/2018 10:36

Good post tedoby. That's my take and like the doctor have added on the basis that this will get signed off. Don't care about RHA but the bigger picture in the jv and Zulu.

[tedoby2] 29/11/2018 10:30

So we heard yesterday that Prems proposal to restructure RHA wasn't on the Cabinets agenda for their meeting on Tuesday. To be honest I only half expected it would be given they said at one point it would be considered early December.

Apart from the Nomad expert lawyers are sure to be advising Prem BOD's how best to deal with RHS's restructuring quest.

It's armed with that advice that the BOD have decided to continue negotiations with the Government until a final position is reached. Whatever that may be and it may not be as simple as a "yes" or "no".

Even if in the unlikely event Prems proposal is rejected liquidating RHA may not be the only or best option.

I doubt I'm anywhere near as highly qualified as the lawyers advising Prems BOD's but it seems to me the Government really have little choice but to agree to amend the old Shareholder Agreement. It needs to be brought in line with the new Indigenisation Laws incorporated into the new Finance Act and the Governments new policies. Exactly as Prem are proposing otherwise the Government run the risk of placing themselves in breach of the changes and that's something they'll be very keen to avoid I feel sure.

As it stands the original SA has become unlawful and it may only need an application to the courts to get them to "determine" or "stand it down" on that basis and rule therefore that it must be void and cannot be enforceable.

That's my take but from a commercial perspective keeping the Government on side and supportive is much the better route until its finally run its course.

So for me I believe Prems BOD are doing exactly the right thing until they reach finality. As I see it it's a question of when not if and the focus should be to bring it about as quickly as possible .

AIMHO

GLA

[y1phr1] 29/11/2018 10:17

100million that's not many.

[jungmana] 29/11/2018 10:06

Doctor I lost count of your adds here. You been adding weekly for ages? How many you own now 100m?

[y1phr1] 29/11/2018 10:03

All aboard I just got back in yesterday at lows.

[doctor 69] 29/11/2018 10:01

Just added again , not much stock about

[the bull] 28/11/2018 17:40

It would have been better had they not kept rns'ing specific timescales, I know everyone was calling for them but now look at the result